Ron Hill
Ron Hill
Ronald "Ron" Hill MBEis an English runner and clothing entrepreneur. He was the second man to break 2:10 in the marathon; he set world records at four other distances, but never laid claim to the marathon world record. He has run two Olympic Marathons, and has a personal marathon record of 2:09:28. In 1970, Hill won the 74th Boston Marathon in a course record 2:10:30. He also won gold medals for the marathon at the European Championships in 1969 and...
ProfessionRunner
Date of Birth25 September 1938
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We have had really spectacular profit reports, by and large, from most companies so far in this quarter. I think retail will be a disappointment, going forward. But, up until now, without any retailers, we've had a nice run. But people have been saying, you know, first of all, the growth rate has slowed from the first quarter to the second, and then the projections are that they will continue to slow down in the third and fourth quarters - we're coming up against really tough comparisons. And I think you know as people look to sort of the slowing of the growth rates, they begin to worry about valuations.
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We also like some of the others from the cyclical areas like in the industrials, some of the freight companies like FedEx and ... also in the consumer discretionary, automobiles still look like they're good, ... Traditionally they will outperform until the Fed begins to raise interest rates and Mr. Greenspan has postponed that for a few months. That gives companies like General Motors a little bit longer to run.
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We've been raising rates in this country since about June of last year, so we've had over a year's worth of rate increases starting to flow into the market. That has slowly, but surely, drained liquidity out of the overall financial system in America. So money supply growth has been below nominal GDP growth now for a number of months. So what's happening is slowly, but surely, there's just not enough money out there available to make everything go up all at the same time. So that's why rallies fail sooner than you expect, and why you know people get punished more for bad news than they get rewarded for good news,
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The bank stocks are affected by what the Fed does. If the Fed's going to be pushing rates up aggressively, it's going to hard for bank stocks to significantly do better than the market, ... But I think some of the stocks are cheap enough that they're worth at least nibbling on at this point.
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The markets continue to mark time. Every day we get worries about inflationary pressures and interest rate pressures. Stocks have a hard time rising, but the reasons to rise are still coming through with strong earnings gains.
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I've never prayed so hard in my life. I couldn't watch TV anymore. I felt so sorry for those people.
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These companies have very steady earnings growth, and they are servicing the Internet in substantial ways, the result of which is often bigger revenues bigger than a lot of the dot.com companies on Internet-related activities.
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These companies are responding very nicely to improved budgets for exploration and production going forward,
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I've contacted all the NRL clubs and I'm talking seriously to three of them.
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The whole thing with the government has not really weighed on this company at all, ... The company has continued to grow itself and sort of change its stripes from a ugly competitor to a more sort of new, friendlier Microsoft.
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There's some offensive linemen to be had. Linebacker is a pretty strong position. It looks like you can get some defensive linemen, but not a lot of them. Teams are going to different fronts and doing different things, so it creates more room for a different style of lineman. You'll take a different guy for a 3-4 team than you would a 4-3 team, so that creates a different look and view there. There are more of those 3-4 guys than there are 4-3 guys at end.
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Everything's playing into the idea that the stress in the economy is beginning to ease. The Fed will take that bias away from inflation and make their risk assessment more balanced between inflation and growth. I think in all of the major indexes the bottoms have sort of been made here in October, and now we're ready to advance. I don't think it's a huge advance...trends are definitely in the investors' favor.
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The thought was maybe we'd get some snow. I don't think we've had much more than a half-inch since then.
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See? We've watched; we took that little insurance. You didn't like it, but we took it back away.